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6 Aug 2025 11:19
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  •   Home > News > Business

    Donald Trump's latest tariff announcement looks set to hit our meat industry in the back pocket

    Donald Trump's latest tariff announcement looks set to hit our meat industry in the back pocket


    Trade Minister Todd McClay is heading to Washington in the coming weeks to argue our case, following Trump's decision to raise tariffs on New Zealand goods.

    We'll now face a 15-percent tariff, while Australia and the UK still face a 10-percent rate.

    Beef & Lamb Chair Kate Acland says our exporters may have to absorb that five-percent difference.

    She says that will equate to about 300-million dollars in extra tariffs a year, if trade levels stay the same.

    © 2025 Newstalk ZB, NZCity

     Other Business News
     06 Aug: Unemployment has reached 5.2 percent in the June quarter -- up from 5.1 percent in the March quarter
     06 Aug: Consumers are spending more on food, and less on everything else
     06 Aug: Dairy prices have risen 0.7 percent at the latest Global Dairy Trade auction overnight
     06 Aug: A competitive advantage for landlords - with rules for sleep-outs and sheds due to be slashed by the end of the year
     05 Aug: For America’s 35M small businesses, tariff uncertainty hits especially hard
     05 Aug: Big questions looming for our wine sector, with a US tariff hike beginning on Friday
     05 Aug: Significant developments for Marsden Point - hailed as an economic powerhouse by Government ministers
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     Today's News

    National:
    Pets don’t necessarily improve their owners’ well-being 11:17

    Business:
    Unemployment has reached 5.2 percent in the June quarter -- up from 5.1 percent in the March quarter 11:07

    Entertainment:
    Sean 'Diddy' Combs' ex-girlfriend Virginia 'Gina' Huynh has written a letter supporting his bail application 10:54

    Health & Safety:
    A study suggests verbal abuse in childhood has a similar impact on adult mental health - as physical abuse 10:47

    Cricket:
    The Black Caps aren't messing around with the fitness of Will O'Rourke 10:27

    Business:
    Consumers are spending more on food, and less on everything else 10:27

    Entertainment:
    Lady Gaga reached out privately to Sharon Osbourne, following Ozzy Osbourne's death 10:24

    National:
    Why leisure matters for a good life, according to Aristotle 10:07

    Living & Travel:
    Hiroshima bombing survivors call for end to nuclear weapons, as thousands to gather for 80th anniversary 10:07

    Law and Order:
    Police are seeking the public's help finding a 57-year-old last seen in Auckland over two weeks ago 10:07


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